Occlusion systems are the closure devices used in embolization procedure which are performed to prevent the blood flow to any part of body, which can effectively shrink a tumor or block aneurysm.

Global occlusion systems market is expected to gain traction over the forecast period due to increase in the cancer prevalence worldwide. Furthermore, growth in demand for the techniques to treat cancer coupled with growing awareness is expected to boost the market share over the forecast period. According to WHO, GLOBOCAN 2012 data, about 12.1 million cancer cases in 2012. The number is expected to grow up to 24 million by 2035. In addition, favorable reimbursement policies in developed countries in order to diagnosis and treatment of cancer, growing healthcare spending in developing countries projected to boost the global occlusion systems market during the forecast period. However, high cost of the treatment procedure and stringent regulatory policies are expected to hamper the market growth over the forecast period.

Market Scope: Global Occlusion Systems Market

Global Occlusion Systems Market is segmented based on type, application, end-user and region

Based on type, global occlusion systems market is segmented into

Detachable

Pushable

Balloon Assisted

Stent-Assisted

Others

Based on application, global occlusion systems market is segmented into

Oncology

Peripheral Vascular Disease

Urology

Others

Based on end user, global occlusion systems market is segmented into

Hospitals

Ambulatory Surgical Centers

Others

By region,global occlusion systems market is segmented into

North America

Latin America

Asia Pacific

Europe

Middle East and Africa (MEA)

Regional Analysis: Global Occlusion Systems Market

Geographically global occlusion systems market is divided into five key regions, i.e. North America, Asia Pacific, Latin America, Europe, and the Middle East and Africa. North America occlusion systems market is expected to grow at significant rates owing to the factors such as growing prevalence of cancer, technological advancements,and favorable reimbursement policies in the region.According to National Cancer Institute, in 2016, about1,685,210 new cancer cases diagnosed and 595,690 people will die from the disease in United States alone. Asia Pacific expected to have the lucrative growth opportunity owing to the factors such as growing healthcare spending, government initiatives on growth of awareness related to cancer. In addition expansion of the multinational companies into emerging Asian countries such as India and China projected to further expand the market share of region. Europe occlusion systems market is expected to have significant growth rate due to presence of key competitors growing prevalence of the diseases such as cancer and peripheral vascular diseases.

The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market

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